Review Units 3-5

What is the gross pay for someone who worked 36 hours at a rate of $10.50 an hour?

• $1,356

• $378

• $400.50

• $250.00

What is the overtime RATE for someone who's regular working rate is $9?

• $18

• $11

• $12

• $13.5

What is the gross pay for someone who has worked 40 regular hours and 5 overtime hours, and who's regular rate is $12?

• $570

• $500

• $430.35

• $600

A business form listing gross pay, deductions, and net pay for each employee in a business.

• Pay Stub

• Payroll Register

• Time Sheet

If Charlie's gross pay is $1,650, State Withholding Taxes are 6%, FICA is 8%, and Health Insurance is $50, what is Charlie's Net Pay?

• $1,369

• $1,200

• $1,319

Which of these options would NOT count as a tax deduction?

• Federal Withholding Tax

• Gas to get to work

• City Withholding Tax

• FICA

• Health Insurance

A form used by employers to determine the amount of income tax to withhold for the Internal Revenue Service (IRS).

• Withholding Allowance Certificate (W4)

• Federal Tax Deposit Card

• Employee Hiring Application

• FICA

Based off of what you've learned, which is NOT an example of a commission?

• Mrs. Gilmore's salary

• Kelly's take home pay after selling a home

• Jake from State Farm's take home pay

What two benefits does FICA pay for?

• Our roads

• Parks and Recreation

• Public safety

• Social Security and Medicare

A business that sells merchandise in large quantities to retailers or other businesses like them.

• Retailer

• Wholesaler

• Consignee

• Accounts Payable